Pepsi sets talk for $500 million 30-year senior notes; pricing Friday

By Aleesia Forni

Virginia Beach, Oct. 17 – PepsiCo Inc. set guidance on Friday for a planned $500 million 30-year offering of senior notes (A1/A-/A) in the Treasuries plus 140 basis points area, according to an informed source and a 424B5 filed with the Securities and Exchange Commission.

BofA Merrill Lynch, Goldman Sachs & Co. and J.P. Morgan Securities LLC are the bookrunners.

Proceed will be used for general corporate purposes, including the repayment of commercial paper.

PepsiCo is a Purchase, N.Y.-based global food and beverage company.

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